9 articles tagged with #standard-chartered. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Anchorpoint Financial Technology, a joint venture backed by Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands, will launch HKDAP, a regulated Hong Kong dollar stablecoin, in Q2 2026. The development signals growing institutional adoption of stablecoins in Asia and reflects regulatory progress toward digital currency frameworks in major financial hubs.
Visa, Stripe, and Zodia Custody by Standard Chartered have joined Tempo's payments blockchain as validators, representing significant institutional backing for the emerging platform. This validator expansion demonstrates growing enterprise confidence in blockchain-based payment infrastructure and signals momentum in Tempo's development phase.
Hong Kong's central bank has approved the first batch of stablecoin licenses under its new regulatory framework, with HSBC and Standard Chartered leading the successful applicants. This milestone represents a major step toward institutionalizing cryptocurrency in one of Asia's largest financial hubs.
Standard Chartered has dramatically reduced its XRP price target by 65%, signaling expectations for continued weakness in the cryptocurrency market. The crypto market is currently experiencing its worst rout in nearly four years, with major financial institutions adjusting their outlook downward.
Standard Chartered analyst Geoffrey Kendrick cut the bank's 2026 XRP price target by 65%, from $8.00 to $2.80, marking the deepest revision across all crypto assets in their coverage. The $8.00 target remains possible but has been downgraded from base case to upside scenario, contingent on the CLARITY Act passing before year-end.
Solana holds a record $17 billion in stablecoin supply, the highest outside of Ethereum, while SOL trades at $81.10, down 73% from its peak. Standard Chartered predicts SOL could reach $250 as upcoming Alpenglow upgrade promises 150-millisecond finality and Firedancer aims to push throughput beyond one million TPS.
South Korea's Hana Financial Group has announced a partnership with Standard Chartered to explore joint digital asset initiatives, including stablecoin development. This collaboration represents growing institutional adoption of digital assets in traditional banking sectors.
Standard Chartered's Geoffrey Kendrick warns Bitcoin could drop to $50,000 before recovering, driven by macro factors and tech sector weakness. Despite near-term bearish outlook, he maintains long-term targets of $100,000 by year-end and $500,000 by 2030, citing stablecoin growth and institutional adoption.
Standard Chartered has been appointed as the digital asset custodian and settlement agent for TP ICAP's Fusion Digital Assets platform. This partnership brings traditional banking infrastructure to TP ICAP's digital asset trading platform, potentially enhancing institutional adoption of crypto services.
